Open to designers under the age of 40, the LVMH Prize grants €300,000 to the winner, whose brand development will be aided by a team from the French fashion conglomerate for a year. Of the many other applicants, three who have completed a fashion design programme in university will be chosen for a €10,000 prize each and given an opportunity to join the design team at an LVMH label for a year.

All applications are to be made at www.lvmhprize.com by 8 February 2015. Winners will be announced in May 2015.